Latest Realty News

MUMBAI: When home loan rates go down, existing home loan borrowers often wish they had delayed their decision to buy the property. Some even shift lenders when the rate difference becomes substantial. State Bank of India (SBI), the country’s biggest lender, has been advertising its ‘cheapest rate’ and encouraging existing borrowers to shift.

MUMBAI: Hopes of a minor fall in interest rates, especially on home loans, were dashed last week after the RBI hiked its key rates in its policy review. Home loan borrowers, especially those crushed by a heavy EMI, have been looking at the RBI for some solace for a while now.